Today, the USD/CHF pair is trading in the range of 0.8895-0.8930 - near the 2-month high of 0.8945 reached on Wednesday. On the hourly chart, the pair moved above the MA (200) H1(0.8855) moving average line and on the four-hour chart above the MA (200) H4 (0.8780). Technically speaking, resistance at 0.8845 may keep prices from rising further. If this level is passed, the pair could rise to 0.9000. The lower boundary of 0.8880 represents a support level.
⦁ Resistance levels are: 0.8945, 0.9000-15, 0.9055
⦁ Support levels are: 0.8880, 0.8830, 0.8795
The main scenario for the pair implies a break of resistance at 0.8945 (Sept 6 high) and may be up to 0.9000-15 (June 30 and July 3-6 highs).
The alternative scenario suggests a break of the support at 0.8880 (Sept 6 low) and there may be a decline to 0.8830 (Sept 4 low)
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